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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Question no 31 Chapter 1- Class 12 Part 2 Unimax
A limited company issued 1,000 equity shares of ₹ 100 each as fully paid up in consideration of the purchased of plant and machinery worth ₹ 99,000. Make entries in company’s journal.
| Date | Particulars |
L.F. | Debit | Credit | |
|---|---|---|---|---|---|
| Plant and Machinery A/c | Dr. | 99,000 | |||
| To Vender A/c | 99,000 | ||||
| (Being Plant & Machinery purchased) | |||||
| Vender A/c | Dr. | 99,000 | |||
| Discount on issued of shares A/c | Dr. | 1000 | |||
| To Equity share capital A/c | 1,00,000 | ||||
| (Being 1000 equity shares of 100 each fully paid up in consideration of plant and machinery) | |||||
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "Question no 31 Chapter 1- Class 12 Part 2 Unimax", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Unimax Accountancy Class 12 Part 2 - 2023.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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